It's not headed anywhere until they find a buyer for the shell.
You guys have to understand how the game is played. A shell is more valuable if it already has shareholders. Guthrie (and yes, he is still involved IMO) can get a premium for a shell that not only has shareholders, but also a decent share price.
However, if the shareholders find out that they are investing in a shell with no revenue or assets, why would they stick around? If all the shareholders bail and no one trades the stock, the shell is junk and won't command a premium.
Consequently, the owners of the shell need to keep the shareholders interested and make them 'think' the company is active and going somewhere.
Notice how every PR issued has an "out" such that if a deal suddenly falls through, they haven't lied to anyone.
It's kind of a "read between the lines" approach, but if you are familiar with how real companies issue PR's, they use numbers. Something that no one can dispute, lest they be caught with "accounting irregularities".
I would suspect that with this most recent announcement, we should be prepared for one of two scenarios:
Either someone (a real company) is buying the shell, and we should expect that news soon
OR
Expect the stock to be delisted, as they've run the gambit, had no takers on the shell, and it's not worth holding any longer.
Just my opinion folks, I'm holding 10.775 million shares that I've pretty much written off, but if we get lucky and have someone step in with a real business, we will all be fairly happy...
Keep your fingers crossed.
-Slip
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